"Freida is a beautiful person and is truly a 'Woman of Worth'. Our Indian consumers wait to see Freida on the Cannes red carpet. It would have been a pleasure to see her join Aishwarya Rai Bachchan, Sonam Kapoor and Katrina Kaif at the French Riviera, but unfortunately she will be giving the event a miss this year.
"We definitely hope to have her join the rest of the Indian ambassadors in 2016," Manashi Guha, general manager of global beauty brand L'Oreal Paris India, said in a statement.
The Cannes International Film Festival is scheduled to be held from May 13-24.
Katrina is all set to make her red carpet debut at the prestigious festival, joining Aishwarya and Sonam, to represent L'Oreal Paris this year.
Aishwarya has been a part of the festival for the last 14 years and Sonam will be walking for the fifth consecutive year for Festival De Cannes. This year they will sport L'Oreal Paris' Matte or Gloss themed looks on the red carpet.